Technocrats Begin Cyprus Third Economic Review

Fiscal issues, structural reforms and Non-Performing Loans (NPLs) are the focus of the third post memorandum review of the Cyprus economy, which began on Monday.

Emphasis will be placed on the NPLs, which account for 46% of the total loan portfolio. Technocrats from the European Commission, are examining the banks’ plans with an aim of reducing the NPLs.

They will also examine the course of the structural reforms, such as the bills on public service reform, the healthcare system, as well as the insolvency framework.

The technocrats will meet; among others, with the Cyprus...


Technocrats Begin Cyprus Third Economic Review


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